- US markets were highly Volatile Yesterday.
- At went time Dow Jones was up 300 Points but then it closed Flat.
- We have witnessed more than 1200 Point rally for November series upto now.
- Last Month also this rally was witnessed at the beginning of the Month and then we witnessed a Consolidation for the rest of the Month.
- Expecting the same for this Month as well.
- High Probability of Consolidation for the rest of the series.
- Range would be between 12400-13000.
- SGX Nifty is Trading near 12700.
- Financial Stocks have been Outperforming Significantly now.
- Bank Nifty has Rallied 5000 Points in last 10 trading Sessions.
- So every dip from now is a buying Opportunity.
- Markets are ignoring all the negative news and just climbing the walls of worry.
- All this is due to low interest rates.
- High inflows are coming into the Market.
- Pfizer announced that it has successfully tested Corona Virus vaccine.
- All results show that it has gained more than 90% results in defeating the virus.
- Sector rotation has been happening in the Market due to the same.
- Previously , IT and FMCG were the flavour.
- But after this news money has been shifting from these stocks to Financial Stocks.
- So this Bull Market has many legs to support it.
- Nifty might Trade between 11620-11780 today.
- stockmarketadvisory.in
1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800 13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg. 15. I haven't
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